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The chrome ore market transaction is not active

Time:Tue, 28 Mar 2023 10:40:35 +0800

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On March 28th, the chrome ore market is stable in China, with 40-42% South Africa's refined powder 40-42% in Tianjin Port being 56-57 yuan/dmtu in cash and 295-305 dollars/ton in futures. Türkiye 46-48% refined powder price is 365-375 dollars/ton for futures. 

The chrome ore spot market has been maintained stable. Coupled with the current high prices in the refined powder futures market in South Africa, and supported by costs, some traders do not want to sell in low price. However, towards the end of the month, the downstream ferrochrome mills lack confidence in the future market, the overall demand is average, and the inventory of chrome ore is consumed. The market transaction performance is not active.

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